East West Bancorp (EWBC) to Release Earnings on Tuesday
East West Bancorp (NASDAQ:EWBC) is scheduled to be releasing its earnings data before the market opens on Tuesday, January 23rd. Analysts expect East West Bancorp to post earnings of $0.91 per share for the quarter.
East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $349.28 million. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, analysts expect East West Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of East West Bancorp (NASDAQ:EWBC) opened at $67.32 on Tuesday. The stock has a market capitalization of $9,730.00, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. East West Bancorp has a 12-month low of $48.07 and a 12-month high of $67.61.
A number of brokerages have issued reports on EWBC. BidaskClub raised East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $79.00 target price on shares of East West Bancorp in a research report on Tuesday, January 9th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $72.00 target price (up previously from $65.00) on shares of East West Bancorp in a research report on Tuesday, January 9th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $67.25.
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About East West Bancorp
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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